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Cummins Inc. (CMI) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

The return on equity ratio or ROE stands at 28.1 percent while most common profitability ratio return on investment (ROI) was 9.4 percent. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.23 billion.

Business

Cubs Fans Can Get Championship Gear Delivered in Minutes

And Chicago Mayor Rahm Emanuel announced a parade to honor the champions on Friday. And yet it held up surprisingly well against the Cubs-Indians ratings vortex, possibly thanks to a Beyoncé performance with the Dixie Chicks. Local lore blamed the Cubs' losing streak on the " Curse of the Billy Goat ", allegedly placed on the team by a vexed Billy Sianis, owner of the Billy Goat Tavern, after being thrown out of a game in 1945 due to a foul-smelling pet goat.

Business

Apple iPhone Experience Drop in Sales

The company achieved quarterly revenue of $46.9 billion and quarterly profit of $9 billion. However, the company expects to see its gross margin narrow to 38%-38.5%, compared to 40.1% a year ago. However, chief executive Tim Cook chose to focus on the success of Apple's services business - Apple Pay and the company's internet-based products - which grew more than 20% on previous year.

Business

Cam Newton Rips Refs, Says He Doesn't Feel Protected

That's what he has been all season. As they prepared to play Newton's Carolina Panthers, Rams defensive linemen Tuesday said they did not plan to change a thing in their pursuit of the reigning National Football League most valuable player Sunday at the Coliseum.

Business

Federal Reserve keeps rates on hold ahead of election

The Fed said the case for a rate hike has " continued to strengthen " as the job market and economy have improved. A December rate hike is no guarantee though, especially if Donald Trump pulls off an unexpected win, which would likely roil financial markets around the globe, forcing the Fed to hit the pause button again.

Business

San Francisco sues developer over sinking tower

San Francisco City Attorney Dennis Herrera announced he has filed suit against the developer of the sinking Millennium Tower. According to the press release Herrera issued today, an investigation conducted by the city attorney's office has concluded that the tower's developer, Mission Street Development LLC, knew in February 2009-before any condos in the building were sold-that the structure was sinking faster than originally projected.

Business

Bank of England warns on inflation as interest rates held

The Bank said it would hold interest rates at the historic low of 0.25% after consumer spending, growth and business activity had proved resilient. The central bank's policy makers voted unanimously to maintain the benchmark rate at a record low of 0.25% and keep its quantitative easing program at £435 billion ($542.96 billion).

Business

Canada and European Union sign historic free trade agreement amid protests

While speaking at a news conference following the signing, Trudeau said Wallonia's last minute delay didn't bother him. Trudeau had initially expected to sign the deal in Brussels days ago, but the restive Belgian region of Wallonia almost killed it because of its opposition to the pact's investor-state dispute settlement mechanism.

Business

Now three Tata executives have quit, following ousted chairman out the door

Mistry said in a statement that on 31 May, a note on the deal was circulated among all board members of Tata Sons (including Ratan Tata , who is chairman emeritus), giving them details and asking if they wanted more information. The share market has been showing a slight dip in Tata Shares in the Sensex for nearly 3 successive days, but now it comes as a sigh of relief for the Tata Groups where they see a rise after witnessing dark days.

Business

Hillary Clinton to hold final rally in Philadelphia

Nice and easy". Trump also has three events scheduled in the state after urging supporters at a rally in Miami on Wednesday to turn out and vote. Trump and other Republicans seized on the news to revive questions about Clinton's credibility.

Business

Arsene Wenger Delivers Arsenal Team News Ahead of Spurs Meeting

Mauricio Pochettino's side are third in Group E on four points, two behind Leverkusen and four adrift of Monaco, whom they visit on the next matchday before hosting CSKA Moscow. "It is hard to accept that kind of performance from us", he said following the Leverkusen loss. "It was hard to recognise the team". "It was hard to recognise the team, very aggressive, very calm under pressure, and that was completely the opposite".

Business

Facebook-revenue-jumps-more-than-50-25-in-third-quarter

Despite its increasing interest in wacky and expensive projects ranging from drones to virtual reality to millimeter wave towers, Facebook's operating margins got fatter, increasing to 45 percent this quarter, a 13 percent increase from the same period previous year.

Business

President Obama Campaigns for Hillary Clinton in Miami

Former President Bill Clinton was making an unannounced appearance in Detroit Wednesday night to meet privately with black ministers, the city's mayor and other local leaders. While most national polls still favor Clinton to win, she has lost the comfortable lead she held late last month and investors are starting to factor in the possibility that the NY businessman might pull off a victory on November 8.

Business

President Obama says controversial Dakota Access pipeline could be rerouted

It was Obama's first time commenting in detail on the Dakota Access Pipeline, which was created to transport crude across a swath of Midwestern US states, including near two major American Indian reservations. Demand President @BarackObama call for an Environmental Impact Statement (EIS) which will effectively put a stop to this human rights violation against the Native Americans at Standing Rock.

Business

Mark Carney will step down as Bank of England governor in 2019

He said the move "recognised the importance to the country of continuity" during Brexit negotiations. Quizzed just hours before Mr Carney's announcement, whether Mr Carney was still the right man for the job, the PM's official spokeswoman said: "Absolutely".

Business

UK rates set to stay on hold after more positive UK data

Fresh from announcing he will stay on as governor until mid-2019, Mark Carney is expected to leave interest rates unchanged at 0.25 per cent. It was the United Kingdom currency's highest level since plunging as low as $1.14 in October in a "flash crash" blamed on automatic trades.

Business

Comey's bad call politicizes Federal Bureau of Investigation

The other, by New Orleans' Times Picayune , shows Clinton's lead down from 3 points to 1. Now, a new interagency mystery is raising questions about whether the F.B.I. "Yet when it comes to Hillary Clinton , for some reason, they're more than happy to talk ..." "He wants more countries to have nuclear weapons". The emails are from Huma Abedin, estranged wife of Weiner, who the FBI is investigating for allegedly sending sexual messages to a teen - Abedin is a top Clinton aide.

Business

Local couple raises concerns about increase in Affordable Care Act premiums

It's important to say that Obamacare isn't in any death spiral, as some conservatives claim. Rebecka Brayton, an insurance navigator for Wyoming Health Council, said her clients were not concerned about the premium increase, which is about 9% in her state , according to KFF.

Business

LAX ranked ninth worst airport in the United States

Kennedy International and Newark Liberty International. ThePointsGuy.com, which has some 3.4 million unique monthly visitors, ranked the country's best and worst airports by analyzing timeliness, accessibility and amenities - in that order.

Business

Bank of England Leaves Rate Unchanged at 0.25%

By 1400 GMT the pound was trading at $1.244, up more than 1 percent. But while economic growth has slowed, GDP expansion of 0.5% in the quarter after the referendum was better than expected and removed the need for a further rate cut this month to shore up the economy.

Business

Facebook's third quarter earnings and revenue beat estimates

Facebook expected to add fewer adverts and for "ad revenue growth rates [to] come down meaningfully" in 2017, Mr Wehner said on Wednesday. The social network had 1.79 billion monthly active users, marking a 22% year over year increase, and 1.66 billion mobile monthly active users.

Business

U.S. election: Donald Trump says he needs to be 'nice and cool'

Both states remain up for grabs, and a Trump triumph in Tuesday's election appears impossible unless he can carry Florida and North Carolina. Trump cited FBI investigations into Clinton's emails as well as new reports about a probe into the Clinton Foundation.

Business

A cloud returns on Clinton's campaign

All in all, Earnest is taking a neutral stance with regards to Comey's publicizing the investigation, but doesn't believe the FBI director is trying to skew the results of the 2016 USA presidential elections in favor of one candidate or another.

Business

BoE Ditches Rate Cut Signal After Brexit Hit to Sterling

Although this is not a done deal, and the legal case could be trawled through the courts for some time yet, if it looks like there is a chance that Article 50 may not be triggered then we could see a large turnaround for the pound, which has lost almost 20% since the Brexit vote.

Business

Four killed on river ride at Australia's biggest theme park

He said after the raft flipped it resulted in "persons being variously caught in machinery". She also received criticism for claiming she'd spoken to all the family members only to have the mother of two of the victims say she hadn't heard from anyone at Ardent Leisure or Dreamworld .

Business

National polls: Tight race, Clinton hanging on

Yet, compared to a week ago, the margins are narrowing, and the surveys don't measure voter turnout, the biggest factor that will determine the outcome of race. "If Donald Trump were to win this election, we would have a commander in chief who is completely out of his depth" and whose ideas "are unsafe", said Clinton.

Business

Fending off Trump, Clinton tries to secure Midwest blue wall

For Hispanics, she said, that would mean having a president "who doesn't see you as Americans". "Democrats in Michigan, Wisconsin and Pennsylvania, if you heard it was over, if you thought those states were in the bag, don't believe it". "Hillary is the one who made 13 phones disappear, some with a hammer", Trump said. As the final-days scramble for votes intensifies, Florida remains perhaps the nation's most critical swing state.

Business

Family of Kiwi killed in Dreamworld tragedy release statement

The 42-year-old was one of four people who died on the Thunder River Rapids ride last Tuesday when a raft collided with another and flipped. The New Zealand expat's friends and family lined the driveway of the Palmdale Hillside Chapel to perform the haka, a traditional Maori war dance, as her coffin was brought in.

Business

South Africa's rand weakens after European Central Bank meeting, stocks inch lower

But he what he actually did was to tell people to come back in December and see what the European Central Bank thinks then. He also commented that there is no convincing upward trend in underlying inflation and that the bank wants a convergence, which is self-sustained, without the extraordinary support in place now.

Business

With investors focused on election, stocks remain in check

Analysts at BNP Paribas now see about a 75% chance of a 25 basis point hike next month, compared with 65% before Wednesday's meeting. ELECTION JITTERS: Hillary Clinton maintains a lead in polling in the USA presidential race but Donald Trump has narrowed the gap.

Business

Barack Obama redeployed as Hillary Clinton wobbles

Clinton herself famously described half of Trump's supporters as "deplorables", a statement for which she later apologized. The ad - which features Monique Luiz, the same actress who at age three played "Daisy" in the ad for Lyndon B. Mrs Clinton has been ahead there in opinion polls, but Democrats acknowledge that the FBI's renewed attention to her has helped rally reluctant Republicans behind their nominee.

Business

Harry Caray, this Bud's for you

WGN America will televise complete coverage commercial free of the parade nationally, the network announced, beginning a noon, ET. But Caray, who has a statue outside Wrigley Field in Chicago, has not been forgotten. She and others were just fine with that. "We just sat there and cried, because we couldn't believe we were actually at Game Seven of the World Series", he said.

Business

Fund managers: No, the election won't wreck your 401(k)

Third-quarter earnings for S&P 500 companies are expected to grow by 3.2 percent, according to Thomson Reuters I/B/E/S data, ending a year-long earnings recession. Just four months removed from that shock, anxiety levels have spiked in the final week of an election season marked by twists. ELECTION WATCH: Like most of the public, investors have their eyes glued to the presidential race, as polls between Hillary Clinton and Donald Trump have tightened.

Business

Facebook Profit Soars but CFO Warns of Slowdown

Out of that massive influx of cash, Facebook posted a net income of $2.37 billion, a massive increase of more than 165 percent compared to its profit for the same period in 2015. Notably, this quarter also marked the first time Facebook achieved more than 1 billion active mobile users , while average revenue per user rose to $4.01.

Business

After HR head, two more of Mistry's top hires leave Tata

Cyrus Mistry's ouster is being seen by many as a desperate attempt by India's largest conglomerate Tata Group to save its sagging image worldwide. But some governance experts say the resignations of senior executives risk increasing the sense of uncertainty at Tata.


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